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of the government attempting to resolve its massive debt crisis. "international creditors are negotiating with the government about the next austerity measures. at this time, it looks as though the coutnry is going to have to make some really big cuts, and of course the people on the streets are not happy about that. the government workers are not happy because they are likely to be the focus of the cuts, and that is starting to manifest itself in civil unrest - and i think there's a good chance these strikes are just the beginning." that was jack ewing of the international hearld tribune. the greek government is planning $15 billion more in austerity measures to pay for money owed to private contractors and get access to loans from the european union and imf. meanwhile, protests are also flaring up in spain over another round of austerity measures. police baracaded madrid's parliament yesterday, in order to block thousands of protestors who sought to surround the building. the demonstration turned violent, as police in riot gear clashed with the thousands who showed up to protest. the c
elections in this country. the reason we have bad government in the country is because we have bad elections. what i mean by that is we don't talk about the important issue. one thing that both sides could agree on today is the pace of deficit reduction. they may go about it different ways but we need to bring the deficit down gradually. right now we are facing the fiscal cliff. nothing will be resolved before november. i believe political forces after the november election will push both sides to a compromise. the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does
of what has happened. shanghai in particular. we began to get word from the chinese government that they were going to try to push another stimulus plan for whatever you think it works. they were up 2%. general electric talked about it, the best performer in the dow jones. since 2008. general electric, a very strong component of the doubt. we are awaiting key earnings from nike and research in motion. can the blackberry maker prove that they are still in the game with the crockery can? >> we will break down the results who has a sneak preview. also, trade with china reaching over $174 billion this year. we have a ceo who is hoping to change all that by making it easier than ever for u.s. businesses to sell their products in china. the domestic market is booming. is that the place to be? he will tell you how to get in. first, today's data download. all three ending in the green. the s&p breaking a losing streak. technology and energy were top performers. utilities did lack of it. today was the biggest for stocks in september, the fed announced its money program. u.s. weekly jobl
that government warrants more money because of melissa: i'm melissa francis and here's what's "money" tonight. how do you know when a federal jobs program is just a complete mess? when states won't even take the handout. we have got details on what they're saying, why they're saying no thanks to uncle sam's help even though they need to create new jobs. >>> plus the campaign fight over coal takes center stage with a big move to strip away a mountain of regulations but can it save the industry before the lights go out for good? >>> subsidizing electric cars. a ceo predicts that it will cost you $7.5 billion and have no impact whatsoever on gasoline demand or greenhouse emissions. why in the world are you paying for it then? it will be be a disagree with me to remember. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. europe's debt crisis rearing its head again. leaders of gerny and france make conflicting comments over the future of europe's banking system. the news leads to a modest selloff in stocks. the dow closed down 20 points
just said to dagen and fewer viewers. he is absolutely right. the government is too big. we have all of these taxes to worry about if we do not cut spending. it has become the biggest financial institution in the world and that is why we are more worried today about uncertainty and what has happened is the risk reward ratio has changed for business. there is more risk and potentially a lot less rewards. businesses are holding back and that increases the odds of recession. the three what todd would you put on recession given the fact, again, this morning we are optimistic -- maybe not, maybe things are looking pretty good. what odds do you put on recession? >> when we had our soul patch, we did not change our hearts. we stayed at 10%. that is 10%. this year as we have had this slow patch, especially a big drop in production, big drop in durable good orders, machinery orders are down 10% from a year ago, these numbers concern us. even though the economy is growing, companies are holding back. they are holding cash. they are not making new orders. that worries us. that may seem low to p
of increased government regulation that went into effect a year ago. frost started looking for ways to simplify fees five years ago. its basic account carries a $5 monthly fee. but like many banks, if the account balance is above a certain level, the fee is waived. >> we have found that this account that i just described to you is excellence at a fair price. we give the quality service and it's a fair price and we have found that our customers embrace it. >> reporter: evans puts the cost of new bank regulation on the industry at $13 billion, a cost that's being passed on to consumers. according to a new survey by bankrate, the percentage of free checking accounts offered by banks continues to drop, only 39% of non-interest checking accounts are available to all customers free of charge, that's down nearly 50% in the past three years. other banking fees are also on the rise: >> we continue to see pretty steady increases in the old standbys. things like atm fees and overdraft charges but even with regard to checking accounts. not only are more accounts charging fees now because of the decline in
of revised gdp numbers from last week. the government claims that the economy is growing at 1.3%. but they also claim that inflation is annualizing out at 1.6%. if inflation is actually 3% right now and not 1.6%, the economy is already contracting. and you're talking about the dow jones this morning being up. in terms of gold today. it's actually down. in fact, the do u-is now worth less than 7.8 ounces of gold. down more and 80% since the bear market began 12 years ago, so, it's not that the stock market's going up, it's not. the value of our money is going down. >> that's interesting, peter. let me show you the original question. you say we are in a recession already, then in 2013, does it get much worse? i'm looking for time frame on the real spiral down here. >> well, it's going to get worse, it's going to get a lot worse, when interest rates finally respond to all of this inflation by rising and then we go over the real fiscal-- >> hold on a second. >> the party's over e i hate to interrupt you peter, i'm sorry, look, you say the party is over when interest rates start to
. still fell into bankruptcy, never paid back the government essentially stiffed the taxpayers. john thain came in afterwards and ran it. since then he is trying to rebuild it. doing a fairly decent job, but he can't really grow it because they're on this watch list. apparently he cannot sell it. all the banks he wanted to sell to, the u.s. banks, the big banks woul which you want to uss the ability to get in and run one of these institutions, they cannot write it because the bank regulators don't want these too big to fail banks to get even bigger and more systemically important and risky. that is one of the problems he has right now. right now he has a problem with selling it. citigroup cannot buy it right now. basically sold by regulators. that is the problem he has. and what kind of record this gentleman has. think about how he leads the market. back in 2008 i remember several times went out and said head of merrill lynch that did not need new capital. you don't actively say one thing when the opposite is real. it was funny, when h what he woy that they would raise more capital, sell t
now, then basically the tax plan will never happen. governor romney knows how to govern in a bipartisan way. that's why he's proposing it the way he is. dagen: i think you will concede this as well if he starts giving specifics, then his opponent, the obama campaign can then get into well you are going to raise taxes on these people, is it really more of a political reason at this point in the election cycle? >> you know, i think that the political reason is that he wants the thing to pass next year, and he recognizes that to do that, then he's going to have to change the tone in washington. now he's coming in as an outsider who governed in the state with 85% of democrats. he knows what it takes to get things done. one of the things you don't do is go after the most treacherous areas of the code and draw lines in the sand so you can't negotiate on honest basis. i think the distinction between romney and obama will be very very clear in the debates. again we have a president with no proposals whatsoever. here we're talking about footnotes in the romney plan. dagen: you sn
that sent investors into the perceived security of u.s. government debt. so bond yields here are down slightly. 1.65 on the 10-year. on the 30-year note you're looking at a yield of 2.83%. we're back after this [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i'm lori rothman with your fox business brief. bank of america reached a settlement in the merrill lynch acquisition related class-action lawsuit. under th
, california governor. >> i went from being the terminator to being the governator. >> reporter: and he has two, new films coming out next year. all this might be a way to hit the reset button. letting everyone know -- >> i'll be back. >> reporter: the accounts in the book are being attacked from his republicans. condoleezza rice tells abc news she has no recollection of a conversationed a the white house, where cove said his choice for california was right. the book hits stores october 1st. >>> jurors have reached a verdict in the bizarre murder trial in georgia. it was the case of a flight aden taunt killed by an alleged stalker in 1995. the suspect was only put on trial this year thanks to new dna evidence. and in a weird twist, he chose to defend himself in court. that turned out to be a bad move for him. abc's steve osunsami has the story. >> reporter: after a 17-year murder mystery and then a bizarre trial with waseem daker, an ex-con, acting as his own attorney and frightening victims on the witness stand -- >> we found him glgt as to count two. >> reporter: jurors moved quickly, closing
parliament. ahmadinejad said the responsibility does not lie with the government. he called on his conservative rival to stand together against the u.s. and europe. conservative politicians are fighting for power. anians will go to the polls xt je tolect a successor to ahmadinejad. >>> the sanctions include a ban on the purchase of u rain you mean oil and that is hurting many businesses. how is it affects business people. >> western leaders are saying the sanctions are affecting the daily lives of the people in and outside of iran and iranians are finding imports more and more expensive and the reel's fall has hurt businesses abroad. in iranian businesses trade through the united arab emirates. 400,000 live in the largest city dubai and they shep daily commodities home across the parisian golf and many are going to banks to exchange the reals for dollars and some money changers have stopped accepting the currency. one trader says he will have to stop exporting to iran. a spokesperson for the iranian chamber of commerce says businesses in dubai with getting one third of previous pri
to health care, food, housing, you name it, the entitlement and the government will vote for this president no matter what. stuart: recent figures showed the number of people not paying federal income tax has spiked under president obama. 47% is a legitimate figure. and the latest fox news poll shows voters are fed up. when asked if all americans should be required to pay some kind of federal income tax, 79%, yes, they should. and joining us with americans for tax reform, maddie go through it for me fast. how did the spike happen? i believe there was a spike in the number of people not paying any federal income tax at all. >> right, we've got romney talking about this and the media saying that this is, you know, him insulting, inelegant, a problem talking about it, what it is a referendum on obama policies and the state of the economy. what we've seen are incomes falling and people have less income due to paying taxes on and getting more he deduction and less tax income liability. ahead of that, too, though, we've seen a lot more complexity introduced into the tax code, we've got deductions
. >> there is donations from the federal government only this is a food bank that hasn't received their usual shipment in sometime. they say she the haven't received shipments in two months, the longest in yeents memory here that they've gone without delivery of the items like canned vegetables,, fruit, rice, beans and frozen meat. normally they'd have one million pounds on the shelves now they're down to half of that this is not clear if it's not available or hasn't been ordered. usda has yet to give answers but reality is that one in six people now in alameda county rely on the give aways may have to go without key item autos haven't saved shipment since end of july. there is a shortage that our agencies are feeling. >> the food bank aappeal together public asking for them to organize food drives and make donations or just volunteer, it's unclear why this hasn't come. for information you can go to our web silt n oakland abc 7 news. >> thank you. >> and san francisco new law banning plastic bags from stores goes into affect on monday. retailers will have to charge 10 cents for each paper or kpoftable
producers services says government purchases could cause them to rise above $6 a gallon. it provides farm policy for america, right now it's stalled in the house of representatives. california is the largest largest dairy state. >> back to weather there is a is a nrl now. there is a live view from our sutro camera. as you can see this is clear there. lovely day. there is is a look at live doppler 7 hd. sunny skies and right now there are readings 100 degrees in santa rosa and los gatos, 87 here in san francisco down from 90 degrees just a few minutes ago here there is a look at the highlights. warm to hot again tomorrow, cooler the rest of the week and the water vapor shows an upper level low pulling away from us that is a ridge of high pressure dominating one more day, at least. let's take a look at the forecast starting at 5:00 in the morning there is so far on the coast are anywhere inland so will be clear all day tomorrow, and will be warm once again with highs into 70s on the coast and 80s to 90s around the bay it will feel like 100. and overnight tomorrow night, little patches of fo
warned by the libyan militia connected to the government, they couldn't secure benghazi. the british ambassador was attacked in june and of course, the attack happened on september 11th and once again, once the attack happened, u.s. intelligence knew within 24 hours that it was linked to al-qaeda. also, "the daily beast" eli lake reports they even knew the location of at least one of the attackers. eli is with me tonight on what u.s. intelligence knew in the immediate aftermath. also with us is jeff porter, an adviser on political and security risks and jeffrey cousins. great to see you. and eli, let me start with you. you have had so much of the first reporting on this and now, you have some more information on when intelligence intercepted some of those communications in the immediate aftermath of the attack. what were the extremists, the attackers, talking about? >> the conversations were between members of al sharia, a local organization that has an affinity for al-qaeda and al-qaeda and the islamic affiliate for all of north africa. in those conversations that were monitored or
europeans, germans and brussels who want to see strenuous action from the government in order to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you get the protests from the people on the street. i'm actually standing on the exact point just outside where parliament is barricaded. you can see behind me just right at that point where over the last two nights, we've seen police charges, plastic bullets being fired as well, protesters getting violent because they're getting very frustrated about the really tough economic conditions which they don't see anything getting better. but i do want to leave this here on a very positive note. and there is one positi
of the federal government. jp is cooperating with the government group and if this lawsuit works it may have some power and fuel. >> can i ask a cynical question? i looked through the lawsuit and looks like so much of the plaintiff lawsuits. >> sure does. >> plaintiff attorneys brought the exact same civil case. >> right. >> why do we think this is going to be a new model for anything? >> they say it's a model for the feds and the state attorneys general to work together. new york has this martin act that other attorneys generally in new york have used quite a bit in the past. >> to the extent that they bring more cases like this, civil cases, do you think this does anything to feed the public's lust for whatever you think, whatever you think president obama was trying to go for a year ago when he created this group in. >> if the public is lusting for ceos being perp walked over the financial crieses they're not going to get it with this and may not ever because they haven't been able to build the criminal cases, they're tough to make, if there was criminal conduct you have to get the lower execu
netanyahu doubts, the israeli government is not sure president obama will follow through. the president said it will do what it must as necessary. the bigger question though, wolf, you covered the white house for a long time. i covered the white house for a long time. there are a lot of people, not just the republicans, a lot of people in the foreign policy community nkts wondering if the president is making a mistake. the new egyptian leadership is there. the new libyan leadership is there. the president of afghanistan is there. you have fires burning around the world if you will right now. he might be president for four more years, he's certainly going to be president for the next couple months. a lot of people are saying is the campaign really that important that he can't spend time eyeball-to-eyeball -- >> gloria, i want you to weigh-in. the fact is when george w. bush was seeking re-election in 2004, he went up six weeks, met with a bunch of leaders. when bill clinton was seeking re-election in 1996, six weeks before the election he was at the u.n. general assembly meeting with a whole
governing the use of vehicles by the public. jensens nearly here. it will be exciting to see those on the road. >> the trend turned around during thursday and will head into the next work week. upper '40's and novato and santa rosa 29 out the door in vallejo and pretty chilly start to the morning. a second look at where those numbers are expected to go into the afternoon. by lunchtime 60s along the coastline here the majority of us will be in the '70s holding on to the '80s and places like concord and livermore. by 3:00 p.m. we will see much more in the way of warmth on your screen. pretty nice comfortable level conditions around the bay area. 75 degrees 784 sunnyvale and santa clara. 85 fairfield pittsburgh and walnut creek. as we turn our attention to the north bay upper seventies low 80s here 64 in san francisco and looks like ocean beach coming in at 61 degrees. i do want to turn our attention to a quick ahead and version of your extended forecast. low 90s inland and '60s for the coast. temperatures could get warmer transitioning into this week in more news from that and your 7
government efforts to prevent future fires. information has emerged about the refinery fire that shows that more health protections are needed. a hearing is needed to find if additional legislation will improve public safety. >> oakland a's pictures dallas braden spoke out about his city he is proud to say last night. it is his community but he is sorry to say that he feels the police are to blame for the time cry right there. there is a lack of effort for the replaced the apartment to >> they told me that the only way to protect myself was to take my grandmother and move. if they're not shooting or i am shooting at them they will not come. i love this community this community raised me to be what i am today. to be lied to blatantly by the person who is calling the shots around here i cannot do anything i have no one to go to. at the man with a badge can step up and answer the bell who will? it is the wild west and the boys in blue are outgunned and they let you know when somebody words that they just can't do it. >> it is the second most violent city in california. on wednesday they r
government has designated as systemically important? >> reporter: new rules may also push cash into unregulated investments or bank accounts. >> and putting even more money into the banking system and more burdens onto its insurance system seems to me the opposite direction from the way we want to be going when we are trying to solve the too big to fail problem. >> reporter: during the financial crisis, the treasury was forced to guarantee money market funds, a risk it doesn't want to take again. darren gersh, "nightly business report," washington. >> tom: u.s. stocks ended their best quarter today since 2010, despite some weakness today. investors locked in profits today after another set of disappointing economic data. a measure of business activity in the midwest fell to 49.7 in septmber from 53 in august, the first such contraction in three years. and a national gauge of consumer sentiment slipped to 78.3, after registering 79.2 earlier in the month. meanwhile, spain's banks got a passing grade on its stress test but that wasn't enougto put wall street's european worries to
week, a new memoir, "total recall." >> i went from being the terminator to being the governator. >> reporter: schwarzenegger says she hasn't read the book. >> she knows that it's about my whole life and that i would not write a book and kind of leave out that part and make people feel like, well, wait a minute, are we just getting a book about his success stories and not talk about his failures? >> reporter: she hasn't said much about his failures, either, beyond pointed remarks like this at her father's funeral. >> perhaps his greatest accomplishment to me was showing my brothers how to treat a wife. >> reporter: schwarzenegger was in the audience that day. apparently he heard her loud and clear. david wright, abc news, los angeles. >>> and when we come back on the broadcast tonight, the extraordinary picture that came in late today. look at this. there is someone on that gurney, sailing through the air. the hair-raising rescue, when we come back. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. so does aarp, serving am
just wait. >>> just ahead, the government changes a policy that makes immigration and gay rights activists happy. stay with us. ♪ just put a little bit of yourself ♪ ♪ in everything you do [ female announcer ] add your own ingredients to hamburger helper for a fresh take on a quick, delicious meal. it's one box with hundreds of possibilities. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> an update on our breaking story. the mother wanted in market hill has been arrested in nevada. police arrested her, and martha francis just spoke to sheriff's deputies. >> reporter: marcy keelan is in custody. her baby is safe tonight. she was taken into custody in personally, nevada. where sheriff's deputyies found her with her baby. she is accused of using her daughter to shoplift from a grocery store. keelan was wanted on a $50,000 warrant on charges of burglary and contributing to the delinquency of a minor. >> she answered the door and was taken into custody without incident. the 11-month-old baby boy is abs
-year- old cody allen smith. >>> a group of 19 military veterans is suing is u.s. government. they say more should have been done to help them after they were sexually assaulted. say top military officials didn't do enough for the crimes. >> i have been alone and i have been silent. >> today daniel danielle hoffman is speaking out. >> it's hard to speak out, especially if you are still in the military. but you're not alone and we're fighting for you. >> reporter: she's joining 18 others in a federal lawsuit filed in san francisco today against the current and former u.s. defense secretaries and the -- they claim these high ranking officials knew about the assault problems in the military and didn't do enough to stop the attackers. >> they all endured strikingly similar partners of retall -- patterns of retaliation. >> the treatment of rape victims in the military is so stigmatizing, many would rather die. >> according to the 2000 annual report it estimates 19,000 military sexual assaults but only 3200 reported. that's why pushing the stop act. would push it into an independent panel. >
government workers make compared to the private sector? a lot. we have the number. and speaking of income envy, questions about elizabeth warren's law license. she's the one who started that debate with this rant. >> there is nobody in this country who got rich on his own. nobody. you built the factory out there, good for you, but i want to be clear, you moved your goods to market on the roads the rest of us paid for. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >> announceryou never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and
hollande said that the budget will be the toughest in 30 years. government needs to find about $39 billion of spending cuts or deshl resources to meet its 2013 deficit target. and fitch is lowering its 2012 growth forecasts both for china and india. citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quarter. >> oh, it didn't show first quarter, second quarter -- >> no. >> there are corporate headlines. people started getting plaq blackberries? >> they beat expectations. >> they lost money, they beat expec
in both cities. more cuts in government spending and higher taxes as they try to balance their budgets. michelle caruso-cabrera joins us this morning. ft calls this a step toward a full blown constitutional crisis in spain. why now? >> absolutely. when it comes to spain, why now? there's going to be a new budget announced tomorrow. that's expected to have new austerity measures that many spanish citizens won't like. in greece, any day now we'll hear what new cuts they will be making there. this was scene in greece a little more than an hour ago as thousands of striking union members descended on the main square in athens in front of the parliament. once again, tear gas used to disperse the crowds. police beating some of the protesters who refused to move. at one point it looked like the national guard might go up in flames. things have calmed down. on to madrid last night, where thousands there surrounded the parliament there as well, chanted phrases like "let us in," "we want to evict you." police did use rubber bullets and we watch live as they beat some protesters. as you mentioned
if our elected officials are in the final analysis committed to effective governance. and that means working across party lines, different opinions, to make lyrically tough decisions. and that takes us to today's program. any strategy for the long-term success of the american economy must focus on k-12 education in today's highly competitive global economy. there's an enormous amount of activity, as all of you know, going on in that area. and with the purpose of contributing to that activity, the hamilton project has conducted two events on k-12 education with papers and panel discussions, and today is her third event. let me outline a program but first let me strongly recommend the paper that is in your folders entitled the dozen facts about k-12 education. paper presents interesting and in some cases unusual facts in ways that are particularly salient and then draws them together to provide special anti-bush useful insights. we have with us a truly outstanding group of individua individuals, the moderator of each panel will introduce them, the authors and the panel is. we will not
.s. government and have the same debate on that side. campaigns are about vision. campaigns are about putting forward the direction you want to take the country in and that's what it's about and if we're going to press in on the details let's press in on both of these guys. >> little' leave it there, terry and morris, appreciate it very much. >> thanks so much. >>> i'm going to do the tease. coming up, craig barrett joins us on set, we'll talk tech and he'll tell white house he's voting for come november and why. and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> when we return, we have more of this morning's top story, as we begin
the world and dealing with a government that withholds information. how do you balance that? of course, i'm talking about the chinese. >> well, that was actually, you know, there were a lot of issues around that. not only with alibaba but also with all of the users in china. to make sure that we were doing the right thing for everyone relative to freedom of information, so that's not going to go away any time soon. it's just going to have many chapters. we're probably only in chapter three. >> what a tremendous fall. i mean, shareholders obviously, yourself included, have watched the company lose a tremendous amount of market value. you think yahoo! can get it back? >> i think they can. think still have almost 800 million users. everybody likes to down play that. it's the third biggest group of users on the web. you know what's interesting is as i go around, if i get, you know, 30 miles outside of silicon valley, people love yaho yahoo!. they're always telling me about yahoo! mail and how they get their information. so i don't think they're nearly as cynical or abused as perhaps the press
. government investigations are underway. >>> a santa clara elementary school principal accused of selling drugs, eric dean lewis was arraigned on charges. the principal was arrested on friday after a sting operation. authorities say eric dean lewis offered the investigator methmeth and the date -- methamphetamine. kron 4's maureen kelly was there. >> reporter: he is in front of a judge monday because he was arrested friday after investigators say he offered to furnish an offer with methamphetamine. that agent made contact through a dating website. after his arrest authorities searched his san francisco apartment and say they found a lot of drugs. >> quarter ounce of methamphetamine. 7 pills of mdma and 3-4 vials of ghp. >> reporter: that led to the additional charge of drugs for sale. computers were also seized at his office at montague elementary school but the district attorney says the investigation is still on going. at this time there is nothing to indicate he tried to sell drugs to students. authorities plan to examine any money put towards setting him free to make sure it doesn't c
by the federal government but you need accountability and measurement and you point out things that are accepted and all other circles, in business, are still controversial in education and the status quo continues to be protected and as you raise expectations you're going to get pushback. what happened in chicago, governor, did the good guys win there in terms of getting accountability or did the, once again did we have to sort of fold for this status quo? >> i think at the end of the day the only measurement that matters are whether kids, students in chicago are getting a year's worth of knowledge in a year's time and at the end, the expectations are high enough, the standards are real enough that they can live an independent life. so it's hard to tell whether this agreement will yield that. i think chicago has an adult centered system completely focused on the economic interests of the adults. the whole shift needs to be about how kids can gain the power of knowledge. we're losing social mobility now. if you live in poverty the chances are you'll stay in poverty and that's shameful for a coun
government as well as the libyan people. there should be no doubt that we will be relentless in tracking down the killers and bring them to justice. i also appreciate that in recent days the leaders of other countries in the region, including egypt, and tunisia, and yemen have taken steps to a... understand the attacks of the last two weeks are not simply an assault on america. there also an assault on the very ideals upon which the united nations was founded. the notion that people can resolve their differences peacefully. that diplomacy can take the place of war. that an independent world all of us have a stake in working towards greater opportunity and security forces since. if we're serious about of holding these ideas it will not be enough to put more guards in front of an embassy or to put out statements of regret and wait for the outrage to pass. if we're serious about these ideas we must speak honestly about the deeper causes of the crisis. we face a choice between the forces that would drive us apart, and the hopes that we hold in common. today we must reaffirm that our future will b
was completely borne out as factually accurate, corroborated by others. this was the reason the government did go to bat for him. >> butler choked back tears as he apologized to the community, law enforcement, and family. >> i think he is genuinely sorry. because it was for 51-year-old person, a limited period of his life where he just got off the track. and there are a lot of reasons for it, it's nobody else's fault but his, and he's very sorry. >> reporter: now, things could have been much worse for butler. he faced a minimum of 12 1/2 years behind bars under the sentencing guidelines. actually the sentence the probation officer recommended. but because he is cooperating with the government and is willing to testify against his alleged co-conspirator norman welsh, he got the lighter sentence. we did talk to welsh's attorney tonight, and he says he's shocked by the eight-year sentence claiming butler has lied every step of the way. reporting live in oakland, nbc bay area news. >>> new tonight at 6:00, a demand for more answers. the father of a bay area teenager who died during a spiritual retrea
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